Sagehaven picks Nymbus for digital bank tech

Sagehaven Bancorp (in formation) has selected Nymbus as the technology foundation for its proposed digital-centric national bank. The new bank, if chartered, plans to begin operations in April 2027, operating from a single branch in Pittsburgh's Strip District while serving clients nationally through digital channels.

Sagehaven was founded by three executives with extensive backgrounds in banking and corporate finance. The group filed its application for a national charter with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation in July 2026. Regulatory review is now in progress.

Founders and target market

The founding team aims to establish Pittsburgh's first new startup, de novo bank in nearly 20 years. Brian Tabb, the proposed President and CEO, is a former Senior Vice President of Finance in Corporate Treasury at BNY. Angelo Innamorato, the proposed EVP and COO, is a former Vice President at Huntington National Bank and a former Director at BNY. Jared Leland, the proposed EVP and Chief Counsel, is a former Director and corporate-finance attorney at Houston Harbaugh.

Sagehaven's strategy targets small-to-mid market businesses and mid-to-high-net-worth consumers. Its founders believe these segments are often underserved by traditional banking platforms or undervalued by larger banking conglomerates.

The technology partnership

To build this digital-centric operation, Sagehaven turned to Nymbus and its unified cloud-native platform. The technology integrates core processing, account opening, digital banking, and managed services. This single system is intended to allow the bank to launch, operate, and grow with speed while maintaining a primarily digital service model.

Brian Tabb stated the choice was driven by the need for a sophisticated and secure foundation. "We set out to build a bank that pairs sophistication and resiliency with security, and that meant choosing a technology partner that could help us launch, manage demand, and securely transact banking needs and interests fluidly while enhancing the customer experience," Tabb said. "Nymbus gives us the speed, flexibility, oversight, and digital framework to efficiently and securely serve businesses and individuals nationally in our tech-centric world."

Path to launch

The bank anticipates a period of regulatory review following its July 2026 application. After this, it aims to raise capital, secure final approval, and commence banking activities. The target for opening is April 2027.

Jeffery Kendall, Chairman and CEO of Nymbus, praised the venture. "This is exactly the kind of institution the market needs more of: an experienced team building something new to serve businesses and clients who want a real banking relationship," Kendall said. "Sagehaven doesn't have to choose between high-touch service and modern technology."